Kolkata, March 18:
The Ordnance Factory Board (OFB) has drawn up a Rs 6,800-crore modernisation plan for its 39 factories across the country. A detailed project report in this regard will be submitted to the Defence Ministry for its approval. The detailed plan will outline the future product demand and include necessary requirements to suit this demand.
The board will also commence trial production at its new plant at Korwa near Lucknow this year. In case of the Nalanda project in Bihar, work on the fourth plant of the project has been stalled due to some “internal problems”.
OFB would also look forward for technical collaborations with Russian companies for manufacturing Smerch rockets that have a range of 90 km.
The board is expecting a 29 per cent growth in its turnover this fiscal from Rs. 7,815 crore to Rs 11,000 crore. It currently exports items worth Rs 50 crore to countries that include Indonesia, Malaysia, Kenya, Vietnam and Latin American nations
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